The taxable income on my federal form is 0, because line 42 is larger than line 41. On my state return it shows the negative number. Is this correct and is it a problem?

posted

Connect with an expert

1 Best answer

Accepted Solutions

The taxable income on my federal form is 0, because line 42 is larger than line 41. On my state return it shows the negative number. Is this correct and is it a problem?

It should not be a problem. I knew the 1040 would not display a negative number in Line 43, taxable Income. The states have their own way of doing these things.

View solution in original post

1 Reply

The taxable income on my federal form is 0, because line 42 is larger than line 41. On my state return it shows the negative number. Is this correct and is it a problem?

It should not be a problem. I knew the 1040 would not display a negative number in Line 43, taxable Income. The states have their own way of doing these things.

Still have questions?